Titan Medical Inc (TMDIF)

[drmacd]

Data below is per the June 2018. My question for investors is why exercise attractive warrants with Aug 2023 expiry if you believe the SP will increase significantly.

My hypothesis is that either the investor will take the cash and reinvest again at a lower financing price or the SP must be viewed as going lower. Otherwise the smart move would be to hold ... right??

Why do the owners of Titan own few shares in the company?? Why didn't insiders buy in Dec for under $2/sh if they knew what was coming??

If you look at Intuitive it took over 5 years after FDA approval before the SP started to move. Hospitals will move slower than investors expect, and hence it will take 3 or 4 years to start to build on sales if you are a small co. Perhaps the best time to buy will be 6 to 18 months after FDA approval once the SP is based on actual rather than hyped earnings.

J&J will have the name brand to move sales ahead faster so maybe 2 or 3 years for them to start building momentum. The investment time frame is probably 3 to 5 years for the payout for Auris Health. If Titan becomes of interest then it could trade much higher and otherwise it will be at the whim of Bay Street and Wall Street and those boys have no heart.

Symbol Issued Date Expiry Date # Issued # Current Strike C#
TMD.WT.F Nov 16, 2015 Nov 16, 2020 233,740 233,740 $48.00
TMD.WT.G Feb 12, 2016 Feb 12, 2021 389,027 386,694 $30.00
TMD.WT.G Feb 23, 2016 Feb 12, 2021 58,226 58,226 $30.00
TMD.WT.H Mar 31, 2016 Mar 31, 2021 501,831 501,831 $36.00
TMD.WT.H Apr 14, 2016 Mar 31, 2021 75,275 75,275 $36.00
TMD.WT.I Sep 20, 2016 Sep 20, 2021 569,444 569,444 $22.50
TMD.WT.I Oct 27, 2016 Sep 20, 2021 67,667 67,667 $22.50
UNLISTED Mar 16, 2017 Mar 16, 2019 357,787 135,824 $12.00
UNLISTED Mar 16, 2017 Mar 16, 2021 357,787 355,253 $15.00
UNLISTED Jun 29, 2017 Jun 29, 2022 1,612,955 75,810 $06.00
UNLISTED Jul 21, 2017 Jun 29, 2022 370,567 370,567 $06.00
UNLISTED Aug 24, 2017 Aug 24, 2022 563,067 563,067 $06.00
UNLISTED Dec 05, 2017 Dec 05, 2022 1,533,333 1,533,333 $18.00
UNLISTED Apr 10, 2018 Apr 10, 2023 1,126,665 1,126,665 $10.50
UNLISTED May 10, 2018 Apr 10, 2023 168,889 168,889 $10.50
UNLISTED Aug 10, 2018 Aug 10, 2023 7,679,574 7,679,574 $04.15